HotOption was a broker for binary options trading. They offer turbo trades on their custom trading platform with trades starting at $1.
HotOption Review
When we reviewed HotOption, we saw that they are using a custom trading platform for binary options. This is a very simple to use platform and currently only has about a dozen currency pairs available to trade.
This platform has Turbo options, meaning that the expiry times for the these trades are at either 1, 2, 3, 4, or 5 minutes. We see that Profits for successful trades can be up to 90% depending on the asset. Additional, trades can be made for as low as $1.
Additional Information
We always stress the necessity to read a brokers Terms and Conditions page carefully before opening an account. This will give you information about withdrawal procedures and bonus policies. The most common reason for broker complaints is because they didn’t know what restrictions and requirements would be necessary to process a withdrawal. Read more about this on our Complaints page.
HotOption offers a free Demo account so you can become familiar with trading before using your own money. Accounts can be funded with Credit Cards and online payment processors like, Webmoney, Neteller, FasaPay. They also work with Indonesian banks (BCA, Mandiri, BNI, BRI, OCBC NISP) and Thai banks (KTB, KBK, SCB).
Their website is available in English, ไทย, Bahasa Indonesia, Português, Español, Arabic and others.
Warning! If you saw a video about a secret trading system that makes money while you sit back and watch? It’s a scam! Read how it works here.
If you are interested in a real Auto-Trading Robot, then first look at the best robots.
License and Regulation
If you want to know if a broker is a scam or not, look to see if they have a license. Binary Options trading is a financial service, therefore, most governments require that a broker have a license from their financial regulator. Some examples of regulators are CySEC of Cyprus, MAS of Singapore and ASIC of Australia.
As of this writing, HotOption does not have a license.
Compare HotOption
Did you know that there are over 250 active binary options brokers currently in operation? It’s always worthwhile to compare what other brokers are offering, look here.
Trader looking for an automated trading robot usually use one of these.
Contact Information
The HotOption website is owned by a company named FBS MARKETS INC. Their address is at: Suite 5, Garden City Plaza, Mountain View Boulevard, Belmopan, Belize
E-mail: [email protected] | Website: www.HotOption.com.